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1.5 International decision-making bodies - Coggle Diagram
1.5 International decision-making bodies
Informal forums
G7 (Group of Seven)
Began meeting in 1973
Countries with the most economic and military power
This countries are
United States
Japan
Germany
United Kingdom
France
Italy
Canada
This organisation can't make decisions
But their initiatives realted with world politics and economics
Are later put into practice by international organisations
For many years Russia has been part of G7, that was called G8
Following the anexation of Crimea in 2014 it was kicked out
BRICS (Brazil, Russia, India, China, South Africa)
They discuss how to reform the international organisations
For making a better reflect
The current importance of this countries in the world economy
Economic organisations
Trade organisations
NAFTA (North American Free Trade Agent)
WTO (World Trade Organization)
Two especial and important institutions
IMF (Interantional Monetary Found)
His aim is to prevent financial crises and to encourage economic stability
World Bank
His aim is to provide loans to governments so that they can carry out
Reform projects
Programmes
This two organisations have received lots of criticism
This critics say that they give more money to powerful countries
So they make a very big inequality
